Pivot Trading with TudorGirl Indicator on any currency pair on the 5 minute time frame
Pivot trade on any currency pair on any time frame using the TudorGirl indicator.
Hi
I noticed patterns forming using the following indicator and found it very easy and clean to use on any currency pair and make a profit of 30-50 pips per pair. I opened this thread to learn, develop and successfully use this pattern.
Anyone willing to provide help and analysis is welcome. We will also develop the EA at a later stage once we find out how profitable the strategy is. Please take some time to read the first few pages of this thread and do not ask for answers that have already been asked, lest the thread becomes cluttered with unnecessary information.
Although I only used it for 5 minutes, this strategy can be used on any time frame.
Attached are indicators, template files and some examples.
index
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auto-rotate
HG_0001a Tudor Girl's India
R entry and exit rules for long trades
=============================
1. The price closes above the pivot point, such as daily pivot/daily R1/daily S1, etc.
2. HG_0001a Indi indicates blue on the first bar
3. Enter after the first blue bar closes.
4. Close 50 pips or at the next pivot level or when HG_0001a indi changes color.
Short Trading Entry and Exit Rules
=============================
1. The price is lower than the pivot point, such as daily pivot point/daily R1/daily S1, etc.
2. HG_0001a Indi indicates red on the first bar.
3. Enter after the first red bar closes.
4. Close 50 pips or at the next pivot level or when HG_0001a indi changes color.
Stop loss is subjective, I personally keep it 20 pips below or above the immediate pivot.
Hi
I noticed patterns forming using the following indicator and found it very easy and clean to use on any currency pair and make a profit of 30-50 pips per pair. I opened this thread to learn, develop and successfully use this pattern.
Anyone willing to provide help and analysis is welcome. We will also develop the EA at a later stage once we find out how profitable the strategy is. Please take some time to read the first few pages of this thread and do not ask for answers that have already been asked, lest the thread becomes cluttered with unnecessary information.
Although I only used it for 5 minutes, this strategy can be used on any time frame.
Attached are indicators, template files and some examples.
index
==========
auto-rotate
HG_0001a Tudor Girl's India
R entry and exit rules for long trades
=============================
1. The price closes above the pivot point, such as daily pivot/daily R1/daily S1, etc.
2. HG_0001a Indi indicates blue on the first bar
3. Enter after the first blue bar closes.
4. Close 50 pips or at the next pivot level or when HG_0001a indi changes color.
Short Trading Entry and Exit Rules
=============================
1. The price is lower than the pivot point, such as daily pivot point/daily R1/daily S1, etc.
2. HG_0001a Indi indicates red on the first bar.
3. Enter after the first red bar closes.
4. Close 50 pips or at the next pivot level or when HG_0001a indi changes color.
Stop loss is subjective, I personally keep it 20 pips below or above the immediate pivot.
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